Depreciation Costs 



A standardized list of truck values as percentages of original cost, 

 by years of age, was derived by using published "book values" of trucks. ^ 

 These are listed in Table E-3. Depreciation rates established by refer- 

 ence to automotive industry pricing are presumed to reflect "normal" 



Table E-3. Trade-in Values and Depreciation Rates on Trucks. 



Trade-In Value 

 Relative to Original Price 

 at Beginning of Year 



Annual Depreciation 

 Relative to Original Price 

 During Year 



(years 





 I 



2 

 3 

 4 

 5 

 6 

 7 

 8 

 9 

 10 



(percent) 



75 



60 



51 



43 



36 



30 



25 



21 



171/2 



141/4 



(percent) 

 25 

 15 



9 



8 



7 



6 



5 



4 



31/2 



31/4 



Figure E-3. Truck Depreciation Cost Per Day Relative to Daily Mileage. 







50 



100 

 Level of 



150 

 truck use- 



200 250 



miles per day 



300 



■J Official Automobile Guide, Price Edition, Recording and Statistical Corporation, 

 87th ed., January 1958. 



58 



